Higher interest rate could cost UNR students $2,000

6:43 PM,
Jun. 26, 2013

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The interest rates on federally subsidized Stafford Loans will double to 6.8 percent for students who take out new loans if Congress doesn't vote by July 1 to keep the interest rate at its current rate of 3.4 percent.

If Congress fails to act by that deadline, the higher 6.8 percent rate for a new Stafford Loan will add about $2,000 to the life of the loans ...